Bank of England policymaker Martin Weale shifted his monetary policy stance after the release of negative business survey results and now favors an immediate stimulus to the economy. "I see things rather differently from what I would have done had we not had those numbers and the material point is that they were collected after July 12, so after the initial shock of the referendum," Weale said.
Mortgage approvals from the U.K. is due on Tuesday, headlining a light day for the European economic news.
South Korea's gross domestic product gained a seasonally adjusted, annualized 0.7 percent on quarter in the second quarter of 2016, the Bank of Korea said in Tuesday's preliminary reading.
That beat forecasts for an increase of 0.6 percent following the 0.5 percent gain in the first quarter.
New Zealand posted a merchandise trade surplus of NZ$127 million in June, Statistics New Zealand said on Tuesday - representing 3.0 percent of exports.
The headline figure missed expectations for a surplus of NZ$150 million and was down from NZ$358 million in May.
Exports came in at NZ$4.26 billion,...
The dollar is down slightly against all of its major rivals Monday afternoon, but is little changed overall. There has been no U.S. economic data to drive trading today and very little global economic data at the start of the new trading week. However, a large number of important U.S. reports are coming...
British business confidence plunged to its lowest level in seven-and-a-half years, after the surprise "Brexit" vote, survey results from the Confederation of British Industry (CBI) showed Monday. The quarterly CBI Industrial Trends survey showed that 52 percent of firms were less optimistic about the general business situation than three months ago, while 5 percent said they were more optimistic.
Germany's business sentiment weakened in July as the 'Brexit' vote made businesses less optimistic about their future. Nonetheless, they assessed a slight improvement in the current situation. The business climate index fell less-than-expected to 108.3 in July from 108.7 in June, survey results from the Munich-based Ifo economic institute showed Monday. The expected score was 107.5.
Business confidence from Germany is the major report due on Monday, headlining a light day for the European economic news.
Japan posted a merchandise trade surplus 692.835 billion yen in June, the Ministry of Finance said on Monday.
That topped expectations for 474.4 billion yen following the upwardly revised 40.6 billion yen deficit in May (originally -40.7 billion).
Exports were down 7.4 percent on year, topping...
The dollar is gaining ground against all of its major competitors Friday afternoon. There has been no U.S. data to drive the direction of trading at the end of the week, but a disappointing U.K. private sector report has driven the buck sharply higher against the pound sterling.
Central banks were...
Eurozone private sector expanded at the weakest pace in 18 months in July, but remained resilient in the face of the surprise "Brexit" vote and the terror attack in France. The relief from serious economic concerns could be short-lived, as feared by the European Central Bank policymakers, who signaled on Thursday that they stand ready to pump more stimulus in the coming months.
The U.K. private sector activity contracted at the steepest pace since early 2009, after Britons voted to leave the European Union in a surprise move, a closely watched survey showed Friday. The flash composite output index fell to an 87-month low of 47.7 in July from 52.4 in June, according to flash survey results from Markit and the Chartered Institute of Procurement & Supply.
Flash purchasing managers' survey results from major euro area nations are due on Friday.
The dollar is up slightly against its major European rivals Thursday afternoon, after the European Central Bank left rates unchanged. However, the buck is losing ground against the Japanese Yen amid media reports that the Bank of Japan may hold off implementing additional easing measures at its meeting...
Eurozone policymakers chose to wait for more information on the impact of "Brexit", after euro area markets weathered the surprise event remarkably well, and the central bank stands ready to act on studying data in coming months, European Central Bank President Mario Draghi said Thursday.